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Question 19 4 pts 19. Wisteria Inc.'s preferred stock sells for $85.00 per share, and it pays an $8.50 annual dividend. If the company were

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Question 19 4 pts 19. Wisteria Inc.'s preferred stock sells for $85.00 per share, and it pays an $8.50 annual dividend. If the company were to sell new preferred stock, it would incur a flotation cost of 4.00% of the price paid by investors. What is Wisteria's cost of preferred stock for use in calculating the WACC? a. 8.75% b. 12.81% c 11.35% d. 8.44% e. 10.42%

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